The average price per square foot for Carmel real estate climbed to $92 in June, 2011, up 3.2 percent from the previous month’s average of $89. Viewed as a quarterly average, the price per square foot for Carmel homes for sale averaged $89 from April through June of this year.
Over the past 12 months the average price per square foot for homes in Carmel has never fallen below $83 and never risen above $95. In fact, June’s average of $92 per square foot represents an 8-month high in this statistical category. The 12-month average is $88,000. Overall, the average price per square foot in Carmel has been one of the more consistent stats over the past 15 months.